Many years ago a young financial executive working in a midwestern S&L wanted to explore opportunities in credit union land.
He called Callahans to ask for a copy of our new Credit Union Directory which he bought. Shortly thereafter he began a career, first as a senior officer in an Indiana credit union, then as CEO in Kentucky and finally a longer tenure at a leading Michigan credit union from which he retired.
He is a person who always sends you a greeting on your birthday. His most recent message was about passing down the “faith” in the family.
Chip,
I thought you might enjoy this story. Yesterday Pete picked me up from the car dealer where I left a car for service. On the way home he was talking about his lease coming up in 2 months. I asked him where the lease was financed, and he said Michigan State FCU. I didn’t know they did that. Then he told me when he leased the vehicle he insisted on the lease being with a credit union and not a bank. When they pushed back a little, he told them to work it out or the deal was off. And they did.
Now that is both sons pushing back against bank promotions instead of credit unions. Pat’s story was when he worked in Tennessee opening an outfitter’s store. The local bankers came in to get the corporate account and asked for his personal account. He insisted his CU served him well. The conversation degenerated into an argument about bank vs CU and finally one banker said, “Actually he’s right… Let’s go.”
Looks like I got a couple of diehard converts.
Or, apples don’t fall far from the tree.